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18824 N 124th Drive Sun City West, AZ 85375

2 Beds 2 Baths 1,780 sqft Built 1980

$257,875

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $144.87
  • 3 Days on Market
  • MLS # : 6181415
  • Updated Date : 01/16/2021 at 13:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This very well-maintained Annapolis model home is in the heart of Sun City West, AZ. Home has 1780 Sq. Ft., 2 bedrooms & 2 bathrooms, large family room plus a 13 x 13 utility/office/craft Rm with AC/heat. If you like the entertain family/friends the family Rm & screened 13 x 16 lanai combination provides ample space to enjoy the Sun City West lifestyle. The stucco exterior was applied in 2012 & the interior was painted in 2015. Additional items of note - LG SS refrigerator 2020, irrigation time box & anti-siphon valve 2021, large floor tile in bathrooms & hallway & newer installation & sealed duct work in attic. Home is located in the SCW lower tax area & near Pebblebrook GC & the Beardsley Rec. Cntr. Don't Wait! Call today to view & to begin your Sun City West, AZ adventure.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10132109

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Thompson Ranch Elementary School Primary Regular 979 46 2
Thompson Ranch Elementary School Middle Regular 979 46 2
Valley Vista High School High Regular 2,457 101 4

Thompson Ranch Elementary School

  • Education Level: Primary
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Thompson Ranch Elementary School

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 46
2
GreatSchools Rating

Valley Vista High School

  • Education Level: High
  • # of students: 2,457
  • # of teachers: 101
4
GreatSchools Rating
 

$232,088$283,663$257,875

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$896
Property Tax -$148
Property Insurance -$59
HOA -$41
Property Management Fees -$99
CASH FLOW
$217

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$257,875

PROJECTED PRICE

$1,460

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,087

INVESTMENT

$74,087

Down Payment
$64,469
Rehab Estimate
$5,750
Closing Costs
$3,868

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$896

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,469
Loan Amount $193,406
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$36,754

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,460

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4604$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 18824 N 124th Drive Sun City West, AZ 3
    • 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,610 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.91
    •  
  • 12726 W Copperstone Drive Sun City West, AZ 1
    • 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,419 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.92
    •  
  • 19014 N 124th Drive Sun City West, AZ 2
    • 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,450 Sqft ∙ Built 1980
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 19014 N 133rd Avenue Sun City West, AZ 4
    • 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,565 Sqft ∙ Built 1979
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 13210 W Pomegranate Drive Sun City West, AZ 5
    • 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,579 Sqft ∙ Built 1979
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Lewis Cryer
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181415
Last Updated: 01/16/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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